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Federal Land Bank (FLB) filed an action to foreclose a mortgage on property owned by Howard and Harriet Franklin. Before trial, FLB's attorney wrote to the Franklin's attorney inviting settlement offers. The Franklin's attorney wrote to FLB's attorney expressing an interest in settling. FLB's attorney responded with an offer that he stated his "client has authorized me to extend." George Johnson, a vice president of FLB, received copies of all letters. The Franklins accepted the offer, but three weeks late the FLB attorney wrote to say that all settlement offers had to be cleared through the Cleveland office. Because their agreement had not been approved by that office, the foreclosure was going to proceed. The Franklins sued, claiming that the FLB attorney had authority to settle the case and that FLB was bound by the settlement agreement. How should the court rule? Discuss fully.
What is cost-plus pricing? Under what circumstances can it be most useful? What are some potential problems with this approach? Be specific in your responses.
External users can rely on financial statement analysis only as a general guide for the potential of a business. They should resist placing too much weight on any particular figure or trend.
rand company sells fine collectible statues and has implemented activity-based costing. costs in the shipping
An insurance company wishes to use this model to estimate the expected ?re damage to two new houses, house A that is being built at a distance of 5 miles from the nearest ?re station, and house B, 3 miles from the same ?re station. Determine these es..
at the beginning of the period the cutting department budgeted direct labor of 134959 direct material of 155696 and
What types of services will be provided over Altitude Online network? What considerations should Jon and his team take into account as they select telecommunications equipment?
activity rates from quattrone corporations activity-based costing system are listed below. the company uses the
Roman Company issued $600,000 of 6%, 5-year bonds at 98, with interest paid annually. Assuming straight-line amortization, what is the total interest cost of the bonds?
The payment of liability A
Vincent's gifts for the year before considering the annual gift tax exclusion total
1.on november 15 2010 betty corporation accepted a note receivable in place of an outstanding accounts receivable in
the manufacturing overhead budget at latronica corporation is based on budgeted direct labor-hours. the direct labor
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